Tax rates used to calculate the tax expense impact are based on the nature of each item. 2020 will be a good year for consumer credit, TransUnion's researchers predict. As a result, businesses and consumers can transact with confidence and achieve great things. SimpliSafe Inc. opened its 90,000-square-foot Taunton warehouse in the fall of 2020. The WARN notice requires companies laying off more than 100 employees with six months of service to publicly list layoffs. Consolidated Adjusted EBITDA margin is calculated using consolidated Adjusted Revenue and consolidated Adjusted EBITDA. Continuously monitor your risk, improve decisions, take action and increase profitability. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. Represents expenses associated with our accelerated technology investment. Deutsche Bank Securities Inc. also acted as lead financing arranger along with Bank of America, N.A., Capital One, N.A. Net income attributable to TransUnion was $103 million for the quarter, compared with $92 million for the third quarter of 2019. Net income (loss) attributable to TransUnion, Interest, taxes and depreciation and amortization, Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments, Adjustments to diluted earnings per share. Target your marketing efforts more precisely to drive growth. Target your marketing efforts more precisely to drive growth. The Adjusted EBITDA growth rates include approximately 1 percent of headwind from foreign exchange rates. Adjusted Diluted Earnings per Share is expected to be between $0.78 and $0.81, an increase of 6 to 10 percent. TransUnion is a global information and insights company that makes trust possible in the modern economy. As digital commerce continues to grow globally, were confident that TransUnions powerful digital identity assets, augmented by Neustars distinctive talent, data, digital resolution capabilities, and products and services will extend trust among consumers and businesses and enhance our position as a global information and insights company., This is an exciting milestone for Neustar, commented Charlie Gottdiener, President and CEO, Neustar. In addition, the revenue growth rates include a 2 percent headwind due to the projected decline in mortgage revenue. There can be no assurance that the Company will achieve the results expressed by this guidance. These statements often include words such as anticipate, expect, guidance, suggest, plan, believe, intend, estimate, target, project, should, could, would, may, will, forecast, outlook, potential, continues, seeks, predicts, or the negative of these words and other similar expressions. Adjusted Net Income was $156 million for the quarter, compared with$146 million for the third quarter of 2019. Neustars security business, Neustar Security Services, is excluded from the transaction and now operates as a standalone portfolio company of Golden Gate Capital and GIC. Other companies in our industry may define or calculate these measures differently than we do, limiting their usefulness as comparative measures. TransUnion Consumer Solutions P.O. Box 2000 Chester, PA 19016-2000 Please note: We accept either standard or certified mail. Excluding the impact of the revenue from the divestment of assets held for sale, revenue would have increased 5 percent (2 percent on a constant currency basis) compared with the fourth quarter of 2019. U.S. Markets revenue was $438 million, an increase of 4 percent (4 percent on an organic basis) compared with the third quarter of 2019. Any statements made in this earnings release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. Net income attributable to TransUnion is expected to be between $92 million and $98 million, an increase of 31 to 39 percent. This adjustment represents certain non-cash adjustments related to acquired entities, predominantly adjustments to increase revenue resulting from purchase accounting reductions to deferred revenue we record on the opening balance sheets of acquired entities. Total adjustments before income tax items from schedule 3, Noncontrolling interest portion of Adjusted Net Income adjustments, Eliminate impact of excess tax benefits for share compensation. TransUnion achieved third quarter 2020 results in line with its Upside Case as provided in its scenario-based outlook. These statements are based on the current beliefs and expectations of TransUnions management and are subject to significant risks and uncertainties. In addition to new filings, the year saw several key decisions handed down by federal courts, shedd Adjusted EBITDA is expected to be between $1.031 billion and $1.047 billion, a decrease of 1 to 3 percent. Reconciliation of net income attributable to TransUnion to consolidated Adjusted EBITDA: Net income from continuing operations attributable to TransUnion, Mergers and acquisitions, divestitures and business optimization, Net income attributable to TransUnion as a percentage of revenue. A replay of the call will also be available at this website following the conclusion of the call. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release. TRANSUNION AND SUBSIDIARIESConsolidated Balance Sheets (Unaudited)(in millions, except per share data), TRANSUNION AND SUBSIDIARIESConsolidated Statements of Income (Unaudited)(in millions, except per share data). Before the pandemic, this group For the three months ended December 31, 2020, consisted of the following adjustments: a $(1.9) million gain from currency remeasurement of our foreign operations; a $(0.4) million recovery from the Fraud Incident (as defined in our Annual Report on Form 10-K for the year ended December 31, 2019), net of additional administrative expenses; $0.9 million of deferred loan fees written off as a result of the prepayments on our debt; $0.4 million of loan fees; and $0.1 million other.For the twelve months ended December 31, 2020, consisted of the following adjustments: $34.7 million for certain legal expenses; $1.6 million of loan fees; $0.9 million of deferred loan fees written off as a result of the prepayments on our debt; $0.2 million loss from currency remeasurement of our foreign operations; $0.2 million of fees related to our new swap agreements; a $(1.5) million recovery from the Fraud Incident, net of additional administrative expense; $(0.4) million reimbursement of fees associated with the refinancing of our Senior Secured Credit Facility; and $(0.2) million of other.For the three months ended December 31, 2019, consisted of the following adjustments: $13.0 million of fees related to the refinancing of our Senior Secured Credit Facility; $1.2 million of administrative expenses associated with the Fraud Incident offset by the $(0.3) million portion that is attributable to the non-controlling interest; $0.5 million of loan fees; $0.5 million of deferred loan fees written off as a result of the prepayments on our debt; a $(1.7) million gain from currency remeasurement; and a $(0.7) million reduction to expense for certain legal and regulatory matters.For the twelve months ended December 31, 2019, consisted of the following adjustments: $20.8 million of expenses (including $3.0 million of administrative expenses) associated with the Fraud Incident offset by the $(7.3) million portion that is attributable to the non-controlling interest; $13.0 million of fees related to the refinancing of Senior Secured Credit Facility; $2.0 million of deferred loan fees written off as a result of the prepayments on our debt; $2.0 million of loan fees; a $0.1 million loss from currency remeasurement; a $(0.7) million reduction to expense for certain legal and regulatory matters; and $(0.1) million of miscellaneous. As a result of displaying amounts in millions, rounding differences may exist in the table above and footnotes below. Improve policy pricing and underwriting decisions, identify potential fraud and gain consumer insights, Comprehensive identity and people-based marketing solutions to enable addressable interactions, Build a Better Understanding of Homebuyers, Expert solutions designed to help you manage processes across the entire resident quality management lifecycle, Make informed decisions with superior data assets, analytics and the insights to combat fraud, waste and abuse, Provide smooth customer experiences while effectively detecting potential fraudulent activity, Assess consumers' ability to repay and grow your business. Accelerated investments in Global Solutions and Global Operations, acquired Tru Optik, prepaid $150 million of debt and delivered on critical milestones for Project Rise. Business performance continues to benefit from re Neustar is an information services and technology company and a leader in identity resolution providing the data and technology that enable trusted connections between companies and people at the moments that matter most. Determine which accounts you're most likely to collect from and apply strategies to collect more efficiently, Fight fraud more efficiently at the onset with TransUnion Fraud Detections and Prevention solutions, With TransUnion's ID Verification solutions, you'll know with whom you're engaging - before fraud occurs, TransUnion is your resource for guidance on growing your business through customer engagement, Gain agility in your decision-making process through our powerful analytics, Equip your organization with a plan to respond to a data breach or fraud event quickly and effectively, Improve the patient financial experience, streamline workflows and increase point-of-service collections, Capture hard-to-reach revenue to maximize reimbursements and improve your bottom line, Replace traditional credit applications and deliver an intuitive, consumer-friendly digital workflow, Best-in-class tools for driving profits throughout the entire resident journey, Get direct access to credit and non-credit data to create the right product suite for customers, Provide valuable credit education to your customersand gain a competitive edge, Gain a more complete view of consumers and their credit histories through greatly expanded information, Turn insights into smarter, more targeted and more actionable decisions, IDVision is a robust suite of solutions that enables you to make faster, more accurate decisions, Identify hard-to-find health insurance coverage to maximize reimbursements, Increase point-of-service collections and improve staff productivity with accurate patient payment estimates, A transformational analytics environment that puts the power of our deep data at your fingertips, Avoid skips, evictions and other bad resident outcomes within the multi-family market, Identify potential rate evasion before it impacts your book, Get a 360 view of people and businesses with one streamlined investigative risk-management tool, Access strategic auto finance solutions to find likely buyers, make loans more competitive and lower your risk, Foster greater investor confidence by analyzing and optimizing loan portfolios, Access tools and strategies to locate the right individuals and businesses for more efficient collections, Target and engage new prospects, generate valuable, new insights, and enhance the customer experience, Expand your credit unions lending and risk capabilities with a trusted partner, Powerful tools to optimize efficiency, minimize risk and gain deeper consumer insights for better decisioning, Be at the forefront of lending innovation by turning data into action. Adjusted Outlook: For 2020, Adjusted Revenue is expected to be between $2.696 billion and $2.715 billion, an increase of 1 to 2 percent compared with 2019. and RBC Capital Markets who acted as joint arrangers for TransUnion. Canada revenue was $29 million, an increase of 4 percent (2 percent on a constant currency basis) compared with the fourth quarter of 2019. As a result, businesses and consumers can transact with confidence and achieve great things. The decrease in cash used in investing activities was due primarily to a decrease in proceeds from the disposal of discontinued operations, partially offset by a decrease in cash used for acquisitions and purchases of noncontrolling interests. Our database contains more than 200 million files profiling nearly every credit-active consumer in the U.S. Consisted of stock-based compensation and cash-settled stock-based compensation. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. During 2020, we accelerated our investments in Global Solutions, Global Operations and our technology transformation, Project Rise, and are beginning to see meaningful benefits including new strategic partnerships and solutions, greater efficiencies and an improved customer experience. We define Adjusted Net Income as net income (loss) attributable to TransUnion plus (less) loss (gain) from discontinued operations, plus (less) the revenue adjustments included in Adjusted Revenue, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses including Callcredit integration-related expenses, plus certain accelerated technology investment expenses, plus (less) certain other expenses (income), plus amortization of certain intangible assets, plus or minus the related changes in provision for income taxes. Golden Gate Capital is a San Francisco-based private equity investment firm with over $19 billion in cumulative committed capital. The above adjustment includes an estimate for the increase in revenue equal to the difference between what the acquired entities would have recorded as revenue and the lower revenue we record as a result of the reduced deferred revenue balance. These adjustments include the same adjustments we make to our Adjusted Revenue, Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this earnings release. A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. Adjusted EBITDA was $162 million, a decrease of 2 percent (1 percent on an organic basis) compared with the fourth quarter of 2019. International revenue was $160 million, a decrease of 4 percent (2 percent on a constant currency basis) compared with the fourth quarter of 2019. We do this by providing an actionablepicture of each person so they can be reliably represented in the marketplace. TransUnion is a global information and insights company that makes trust possible in the modern economy. Adjusted Net Income was $153 million for the quarter, compared with$144 million for the fourth quarter of 2019. This increase is partially offset by an estimated decrease to revenue for certain acquired non-core customer contracts that are not classified as discontinued operations that will expire within approximately one year from the date of acquisition. We continue to closely monitor the situation in all our markets. Organic growth rate is the reported growth rate less the inorganic growth rate. SCHEDULE 4TRANSUNION AND SUBSIDIARIESEffective Tax Rate and Adjusted Effective Tax Rate (Unaudited)(dollars in millions), SCHEDULE 5TRANSUNION AND SUBSIDIARIESSegment Depreciation and Amortization (Unaudited)(in millions), SCHEDULE 6TRANSUNION AND SUBSIDIARIESReconciliation of Non-GAAP Guidance (Unaudited)(in millions). Cover the complete customer acquisition cycle. TransUnion ( TRU -5.61%) Q3 2020 Earnings Call Oct 27, 2020, 9:30 a.m. TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden In addition to new filings, the year saw several key decisions handed down by federal courts, shedd GAAP Outlook: For the fourth quarter of 2020, revenue is expected to be between $678 million and $698 million, a decrease of 1 percent to an increase of 2 percent compared with 2019. Adjusted EBITDA margin was 38.8 percent, compared with 40.7 percent for the third quarter of 2019. Reconciliation of net income attributable to TransUnion to consolidated Adjusted EBITDA: Net income from continuing operations attributable to TransUnion, Mergers and acquisitions, divestitures and business optimization, Net income attributable to TransUnion as a percentage of revenue. We will also remain disciplined in managing our cost structure and investment priorities as we adapt to the changing macro-economic landscape and the impact it is having on our businesses throughout the markets we serve. Many of these factors are beyond our control. We call this Information for Good. Excluding the impact of the revenue from the divestment of assets held for sale, revenue would have decreased 4 percent (8 percent on a constant currency basis) compared with the third quarter of 2019. A leading presence in more than 30 countries across 5 continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. The forward-looking statements contained in this press release speak only as of the date of this press release. The Adjusted EBITDA growth rates include approximately 0.5 percent of benefit from foreign exchange rates. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. Our long-term approach, multi-asset capabilities, and global connectivity enable us to be an investor of choice. Asia Pacific revenue was $15 million, a decrease of 4 percent (6 percent on a constant currency basis) compared with the third quarter of 2019. Beginning in the third quarter of 2019, we no longer have these adjustments to revenue. We define Adjusted Net Income as net income (loss) attributable to TransUnion plus (less) loss (gain) from discontinued operations, plus (less) the revenue adjustments included in Adjusted Revenue, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses including Callcredit integration-related expenses, plus certain accelerated technology investment expenses, plus (less) certain other expenses (income), plus amortization of certain intangible assets, plus or minus the related changes in provision for income taxes. The Adjusted EBITDA growth rates include approximately 1 percent of benefit from foreign exchange rates. Our board of directors and executive management team use Adjusted Revenue and Adjusted EBITDA as compensation measures. Our database contains more than 200 million files profiling nearly every credit-active consumer in the U.S. TransUnions Largest Acquisition to Date Will Accelerate Growth of Identity-Based Solutions TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC. Adjusted Net Income was $577 million, compared with $536 million in 2019. Accordingly, the Company encourages investors, the media and others interested in TransUnion to review the information that it shares onwww.transunion.com/tru. Adjusted EBITDA margin for the year was 38.5 percent, compared with 39.8 percent in 2019. GIC is a leading global investment firm established in 1981 to secure Singapores financial future. 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